I'm not surprised, and I'm not particularly disappointed. I saw Zeppelin, and they were these four young guys playing songs they'd written a couple of years ago. I've never thought that three older guys playing songs they wrote 30 years ago would be anything like the same thing.
Jimmy Page and Jack White at the premiere of It Might Get Loud yesterday.
Jimmy Page, who usually equivocates when asked, was cornered at the Toronto Film Festival during the press conference for It Might Get Loud. Apparently journalists had been told not to ask about Zeppelin, but one persisted in asking the "R" question - Reunion - and finally, Page said, "We’re not actually really recording. We played at the O2. That was our reunion.” He added, "It's nothing as monumental as what people are speculating and projecting.”
“If you’re going to do a reunion, you need four members,” he said, apparently meaning that Plant was off playing with Alison Krauss and Pork Chop Burnett.
Edited to remove dead link 06/13/2014 Exclaim.ca Story
On the other hand, after nine months of saying "probably", "possibly" and just plain looking mysterious, a straight "no" seems out of character. Maybe it means yes. Page is the consummate Dom - I'm sure he enjoys thwarting expectations more than almost anybody in music.